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Rich Asplund

Nat-Gas Prices Sink on the Outlook for Above-Normal U.S. Temps

Maxar Technologies Nymex United States BNEF Natural Gas

December Nymex natural gas (NGZ23) on Monday closed sharply lower by -0.131 (-3.76%).

Nat-gas prices Monday sold off on the outlook for comfortable inventories and warmer U.S. temperatures that will diminish heating demand for nat-gas. Forecaster Maxar Technologies on Monday said that after this week's cold spell, above-normal temperatures are seen moving into the western half of the U.S. from Nov 9-13.

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